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Mar 2, 2013
03/13
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the fiscal cliff, we didn't go over the fiscal cliff. they cut a deal, january 1. they cut a deal on the fiscal cliff. >> to raise taxes. >> to raise taxes so republicans, seven weeks ago, or whenever it was, had to raise taxes. i believe the white house miscalculated or underestimated or whatever you want to call it, the republicans, in saying, ok, they're going to now close these loopholes which is effectively raising taxes again after they just did that seven weeks ago. i also believe that republicans could be in the process of underestimating how this could affect their standing with the public. right now they've got a 29% favorability rating. the president sits, 49%. he's gambling the public will be with him because after all he got re-elected partially on the issue of fairness. >> and he's reading the polls. >> and he's reading the polls and the republicans are saying, you know what, we're on the right side because the public believes the government should be smaller and more efficient. the problem that the republicans have is that this particular slice of th
the fiscal cliff, we didn't go over the fiscal cliff. they cut a deal, january 1. they cut a deal on the fiscal cliff. >> to raise taxes. >> to raise taxes so republicans, seven weeks ago, or whenever it was, had to raise taxes. i believe the white house miscalculated or underestimated or whatever you want to call it, the republicans, in saying, ok, they're going to now close these loopholes which is effectively raising taxes again after they just did that seven weeks ago. i also...
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Jan 3, 2013
01/13
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avoided the fiscal cliff by cutting taxes setting up moran's two-three punch. >> we delayed a few things but we haven't avoided much. >> reporter: jim runs the greater washington board of trade. he says the uncertainty ahead has the business on hold. >> we're still going to have a hold on hiring. we're still going to have a hold on new investments. everyone is going to be waiting. >> reporter: even as business knows. >> there will be people who are furloughed on their jobs, people who will not be hired into new jobs. >> we're on a new reality, a new economic reality in the national capital region. >> reporter: frank principi knows that if the sequestration cuts kick in in two months... >> programs to head start to emergency preparedness are going to be cut 8% and it's the local governments that's going to have to deal with either replacing that 8% cut or terminating the programs that funding supports. >> reporter: as the federal government spends less... >> we think we're going to need to
avoided the fiscal cliff by cutting taxes setting up moran's two-three punch. >> we delayed a few things but we haven't avoided much. >> reporter: jim runs the greater washington board of trade. he says the uncertainty ahead has the business on hold. >> we're still going to have a hold on hiring. we're still going to have a hold on new investments. everyone is going to be waiting. >> reporter: even as business knows. >> there will be people who are furloughed on...
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Jan 2, 2013
01/13
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cliff tax increases. at least for now avert big across-the-board federal spending cuts. we've been following the developing story all day long. a story that touches each and every one of us. tonight we have team coverage for you. we'll take a look at the hit your wallet is still going to take as they have reaction tonight from capitol hill. but first a quick recap of what has been happening on the hill since you sat down to dinner. many lawmakers wanted the spending cuts added to it now. they wanted individuals earning $400 and families earning about $450,000. and it also delays big spending cuts for at least two months. now congress will have to deal with that later and deal with whether to raise the $16.4 trillion borrowing limit so the government can keep paying its bills. but once again the senate measure has now been approved by the house. we take you to capitol hill where we've been monitoring the votes that just came in, gary? >> reporter: good evening. as you said our assignment was to engage the
cliff tax increases. at least for now avert big across-the-board federal spending cuts. we've been following the developing story all day long. a story that touches each and every one of us. tonight we have team coverage for you. we'll take a look at the hit your wallet is still going to take as they have reaction tonight from capitol hill. but first a quick recap of what has been happening on the hill since you sat down to dinner. many lawmakers wanted the spending cuts added to it now. they...
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Jan 6, 2013
01/13
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we got a tiny tiny spending cut along with the fiscal cliff deal. where are the spending cuts? >> actually the cuts and revenue you we have taken so far are still far short in both categories from simpson bus. boles. >> but the spending cuts are way short. >> that is not the case. simpson bowles said at the starting point we would allow the upper income taxes to go back to clinton era levels. we have just barely gotten to the spending point. we are a little short. on top of that they raised over a trillion dollars in revenue combined with cuts. yes woo have to do more cuts and the president has been clear and put on the table $1.2 trillion in cuts proposal combined with $1.2 trillion in revenue. the only reason we weren't able to go forward with that is you had house republicans deciding not to follow speaker boehner in that balanced approach and frankly that is the danger going forward. the danger going forward is that house republicans will continue to refuse to take a balanced approach and that is going to dead lock the entire process. >> another danger going forward accordi
we got a tiny tiny spending cut along with the fiscal cliff deal. where are the spending cuts? >> actually the cuts and revenue you we have taken so far are still far short in both categories from simpson bus. boles. >> but the spending cuts are way short. >> that is not the case. simpson bowles said at the starting point we would allow the upper income taxes to go back to clinton era levels. we have just barely gotten to the spending point. we are a little short. on top of...
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Jan 4, 2013
01/13
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number one was fiscal cliff and dealing with the debt limit issues. caller: i didn't see where it said debt limit. it aint just debt limit it's our deficit. i don't understand why spending cuts was put off two months. this country is going to go under if we don't make some serious spending cuts. i know they're in there where they can be made to where they can't hurt nobody. host: how would do you that? caller: well, i know they're in there. there's all kinds of stupid crap that congress -- i don't think if congress but somebody is paying for that they can get rid of. just like the nuclear thing, do we really need three of them. host: thanks for the call. let me go back, cbs news didn't list of the fiscal cliff and raising the debt limit as the number one agenda item for the new congress listing five. you can go to cbs news.com to read them. we have reached the current debt limit of $16.4 trillion. this will set the stage for another battle over spending issues. this is what it looks like at u.s .debtclock.org. congress needs to deal with some of the l
number one was fiscal cliff and dealing with the debt limit issues. caller: i didn't see where it said debt limit. it aint just debt limit it's our deficit. i don't understand why spending cuts was put off two months. this country is going to go under if we don't make some serious spending cuts. i know they're in there where they can be made to where they can't hurt nobody. host: how would do you that? caller: well, i know they're in there. there's all kinds of stupid crap that congress -- i...
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Jan 2, 2013
01/13
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congress did reach a deal to keep our nation from plummeting off the so-called fiscal cliff so we are safe for now. at least sort of. last night, the house aeveryone proofed the not bill which presents major tax cuts from expiring on income below $400,000 for individuals and $450 for couples and delays the crippling cuts for only do months, and that means we could see yet another last-minute stand off before march 1. president obama vowed to sign the bill. the vote was not unanimous. many republicans in the g.o.p.-led house voted against the bill. many of them argued it does not do enough to curve spending. it saw more bipartisan support in the senate with only a handful of lawmakers in both parties voting "no." the debate was quite intense. mike emanuel is live on capitol hill where he has been following it. the bill had the votes to pass. what was the final pitch? >>reporter: extending the bush tax cuts for individuals making up to $400,000 and couples making up to $450,000, giving certainty and some permanence and avoiding taking the economy off the fiscal cliff. >> by making repub
congress did reach a deal to keep our nation from plummeting off the so-called fiscal cliff so we are safe for now. at least sort of. last night, the house aeveryone proofed the not bill which presents major tax cuts from expiring on income below $400,000 for individuals and $450 for couples and delays the crippling cuts for only do months, and that means we could see yet another last-minute stand off before march 1. president obama vowed to sign the bill. the vote was not unanimous. many...
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Oct 1, 2013
10/13
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we are trying achieve a deficit reduction package like we did in 2011 or in the fiscal cliff, the fight from this past year. we were trying to pass middle class tax cuts and make those permanent. all we are asking is that congress pass a six-week funding bill to keep the government open. so, we're not really sure what there is to negotiate around. and so, that is -- i don't expect our strategy's not going to change, our message is not going to change. it's clear what congress these to do. you see more and more republicans on the house side coming out, admitting that there is support, enough support in the house that they could pass a clean funding bill, if they would put that on the floor, and so, that's what we'll continue to push for them to do. and in the meanwhile, we're getting ready tomorrow health care tomorrow, too. >> right. in the meantime, there is also a massive national health reform bill that's going to be implemented tomorrow. >> yes. >> it seems like what we are all watching is the house republican caucus. they are the ones who have to make the decision about what to do
we are trying achieve a deficit reduction package like we did in 2011 or in the fiscal cliff, the fight from this past year. we were trying to pass middle class tax cuts and make those permanent. all we are asking is that congress pass a six-week funding bill to keep the government open. so, we're not really sure what there is to negotiate around. and so, that is -- i don't expect our strategy's not going to change, our message is not going to change. it's clear what congress these to do. you...
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Feb 13, 2013
02/13
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. >> the proposals i put forward during fiscal cliff negotiations, in discussions with speaker boehner and others, are still very much on the table. i just want to repeat it -- the deals i put forward, the balanced approach of spending cuts and entitlement reform and tax reform and i put forward, are still on the table. i have offered sensible reforms to medicare and other entitlements. when health care proposals to achieve the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowles-simpson fiscal commission. host: who has the leverage, as we get closer to this march deadline for the sequestered? -- for the sequester? guest: it will be tough to come to a deal. you have democrats saying you need to raise revenue through closing tax loopholes. the house minority leader, nancy pelosi, wants to and give away to oil companies. you have house republicans saying had we did revenues in the last deal and need to focus on cut in spending. republicans think they have the upper hand, because the president already had increases in r
. >> the proposals i put forward during fiscal cliff negotiations, in discussions with speaker boehner and others, are still very much on the table. i just want to repeat it -- the deals i put forward, the balanced approach of spending cuts and entitlement reform and tax reform and i put forward, are still on the table. i have offered sensible reforms to medicare and other entitlements. when health care proposals to achieve the same amount of savings by the beginning of the next decade as...
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Jan 2, 2013
01/13
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cliff tonight. >> yes. what we are also going to do is with an equal commitment and drive and even more so, redoubling our efforts to work on other spending cuts. we have got to get back to that. >> representative, appreciate you taking some time to talk to us. we will follow up with you later in the night. let's go back to our contributor, john avlon. john, the question is, is that sentiment you just heard from tim murphy of pennsylvania going to prevail tonight, the idea that this debate over spending and entitlements is definitely not over, there are specific instances in which it's not going to be over. one is the debt ceiling. two is the sequester that's been pushed off for two more months. three is a budget. no one's -- this is not the last chance anyone's got to discuss spending cuts. we are a little disappointed in the fact that they didn't get this deal. they had 517 days to come to a deal on this. >> that's right. we knew a grand bargain was dead last week and so should any member of congress who
cliff tonight. >> yes. what we are also going to do is with an equal commitment and drive and even more so, redoubling our efforts to work on other spending cuts. we have got to get back to that. >> representative, appreciate you taking some time to talk to us. we will follow up with you later in the night. let's go back to our contributor, john avlon. john, the question is, is that sentiment you just heard from tim murphy of pennsylvania going to prevail tonight, the idea that this...
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reverse the tax hikes on 98% of americans that took effect at the midnight fiscal cliff. but leaving place a tax hike on the wealthy. incomes over $400,000. and postponed deep spending cuts. democrats pushed for house approval. >> the issue of whether we have an up or down vote shouldn't be a question. >> reporter: house republicans battled. the faction demanding budget cuts be added to the bill. >> and the senate and how that we are serious about cutting spending. though they're not. >> reporter: time to count heads. >> yeah we are going to whip and see where we are and vote. >> reporter: the moderates won. a vote set on what the senate passed. house passage all but assured. >> we are working hard to pull ourselves back from that, that cliff. we went over the cliff. pulling ourselves back. >> reporter: it is not a one-day quick fix. looks like the final margin of victory in the house will be exactly 40 votes. there may be some shakeout there. but it is a solid win, bipartisan win, in the house. a win for president obama. who will sign this fiscal cliff fix as soon as he
reverse the tax hikes on 98% of americans that took effect at the midnight fiscal cliff. but leaving place a tax hike on the wealthy. incomes over $400,000. and postponed deep spending cuts. democrats pushed for house approval. >> the issue of whether we have an up or down vote shouldn't be a question. >> reporter: house republicans battled. the faction demanding budget cuts be added to the bill. >> and the senate and how that we are serious about cutting spending. though...
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the house has finally given approval to the bill to undo the effects of the fiscal cliff in the 11th hour last night. the house voted 257-167 in favor of the billo t stop the middle-class tax increases and spending cuts to domestic poll ramps. soon after president obama reacted to the compromise bill. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will have continued to receive tax credits to help raise their kids and send them to college. companies will continue to receive tax credits for the research they do, the investments they make and the clean energy jobs that they create. and 2 million americans who are out of work but out there looking, pounding the pavement every day, are going to continue to receive unemployment benefits as long as they're actively looking for a job. i am very open to compromise. i agree with democrats and republicans that the aging population and the rising cost of health care makes medicare the biggest contributor to our deficit. i believe we've got to find ways to ref
the house has finally given approval to the bill to undo the effects of the fiscal cliff in the 11th hour last night. the house voted 257-167 in favor of the billo t stop the middle-class tax increases and spending cuts to domestic poll ramps. soon after president obama reacted to the compromise bill. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will have continued to receive tax credits to help raise...
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Jan 6, 2013
01/13
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that's what the fiscal cliffs was. no cut necessary there and stame old, same old. i tell folks back at home, this is promises from politicians, not from your parents or pastor or priest. politician say we promise to get to the balanced approach later and cut spending later. mitch mcconnell is right. we have to cut spending. credit card is maxed out. he is right. let's foxus on the problem which is this government can't control spending and we have to control it. >> john: we spoke at link when you were the president's point person on the budget and you state said simpson-bowles and you have to have the model and revenue and spending cut. >> guest: that's right. >> john: we got revenue. where are the spending cuts. >> guest: the cuts and revenue are with far short in both categors. mr. #1: but you are looking at trillion hole in the debt. >> guest:icisms simpson bowles said it would allow it to go to the starting levelings. on top of that they raised over a triliop in revenue combined with cuts. yes, we have to do more cuts. the president was clear. he put on the tab
that's what the fiscal cliffs was. no cut necessary there and stame old, same old. i tell folks back at home, this is promises from politicians, not from your parents or pastor or priest. politician say we promise to get to the balanced approach later and cut spending later. mitch mcconnell is right. we have to cut spending. credit card is maxed out. he is right. let's foxus on the problem which is this government can't control spending and we have to control it. >> john: we spoke at link...
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two months by yesterday's fiscal cliff deal. >> the motion is president doed. >> reporter: wave number two is worse, another debt ceiling fight like the one last year that damaged the u.s. credit rating. president obama vows no repeat. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: but house rupp pushed back. >> if the president thinks he's not going to negotiate, he better thing again. he's president of the united states, not emperor of the planet. >> reporter: this could get scarier. >> it may take a default, another downgrade, the serious economic consequences that flow from it to jolt us back to some kind of reality, and that's a frightening prospect. >> reporter: and not a happy new year. congressional scholar norm orrin steen says it could look like a tribal war up here, and soon. live from the hill. >> stay with news4 for up-to-the minute information on fallout on efforts to avoid the fiscal cliff. we'll have more on how the agreement could impact families in our area, especially n
two months by yesterday's fiscal cliff deal. >> the motion is president doed. >> reporter: wave number two is worse, another debt ceiling fight like the one last year that damaged the u.s. credit rating. president obama vows no repeat. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: but house rupp pushed back. >> if the president thinks he's not going to negotiate, he...
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Jan 2, 2013
01/13
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the house voted last night to avoid going over the fiscal cliff. raising taxes on the wealthiest 2% of americans, but maintaining tax cuts for most people. president obama spoke shortly after the house voted. >> today's agreement enshrines i think a principal into law that will remain in president as long as i'm president. the deficit needs to be reduced in a way that's balanced. everyone pays their fair share. everyone does their part. that's how the economy works best. that's how we grow. >> so right after that, you're seeing the president there, he boarded air force one to fly to hawaii, he wanted to finish his vacation. >>> today the governor of pennsylvania will announce the a lawsuit over the ncaa over the stiff sanctions it imposed on penn state university in the wake of the jerry sandusky scandal. he's the former assistant football coach convicted of sexually abusing boys. the ncaa fined penn state $60 million, stripped the football program of 14 seasons of victories under the late head coach joe paterno. >>> it's a retreat for the connecti
the house voted last night to avoid going over the fiscal cliff. raising taxes on the wealthiest 2% of americans, but maintaining tax cuts for most people. president obama spoke shortly after the house voted. >> today's agreement enshrines i think a principal into law that will remain in president as long as i'm president. the deficit needs to be reduced in a way that's balanced. everyone pays their fair share. everyone does their part. that's how the economy works best. that's how we...
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Jan 2, 2013
01/13
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cliff when it comes to finding ways to cut spending and to actually do what the bill is supposed to do and balance our fiscal imbalance. that is the problem. we started this conversation to be about spending but republicans and democrats alike made this about taxes. the president said it would be about taxes and the whole time republicans were playing on his terms on his turf. >>neil: amazing. happy new year. >> you still think you are not paying for this? i want you to listen to this, if washington isn't dialing back on the spending they have to hit up more than just the fat cats paying? $600 in tax hikes over 10 years is not remotely close to covering the $4 trillion in more spending over the same 10 years. even taking all of the fat cats' money will not do that. so, then what do the politicians do? they move down the old food chain says my next guest, and that means moving down to you. >>guest: they do. obama said that the other night with the pep rally when he said if republicans think this is the last of the revenue measures they have another thing coming. this is obama who sai
cliff when it comes to finding ways to cut spending and to actually do what the bill is supposed to do and balance our fiscal imbalance. that is the problem. we started this conversation to be about spending but republicans and democrats alike made this about taxes. the president said it would be about taxes and the whole time republicans were playing on his terms on his turf. >>neil: amazing. happy new year. >> you still think you are not paying for this? i want you to listen to...
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Mar 11, 2013
03/13
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fed chairman ben bernanke gave it a name. >> it would be a massive fiscal cliff of large spending cuts and tax increases. >> the fiscal cliff was a classic example. what happened? >> you keep putting these things off and another election came up. >> the 2012 election settled nothing. they re-elected president obama but let republicans keep control of the house. like it or not a divided nation left government by crisis a second term. >> with one crisis averted and another on the way the president another on the way the president michael, tell us why you used to book this fabulous hotel? well you can see if the hotel is pet friendly before you book it, and i got a great deal without bidding. and where's your furry friend? oh, i don't have a cat. now you can save up to 50% during priceline's spring hotel sale use promo code spring for additional savings on all express deals, including pet friendly hotels. express deals. priceline savings without the bidding. you know, from car insurance companies shouting, "save 500 bucks over here!" "no, save 300 bucks over here!" "wait, save 400 bucks r
fed chairman ben bernanke gave it a name. >> it would be a massive fiscal cliff of large spending cuts and tax increases. >> the fiscal cliff was a classic example. what happened? >> you keep putting these things off and another election came up. >> the 2012 election settled nothing. they re-elected president obama but let republicans keep control of the house. like it or not a divided nation left government by crisis a second term. >> with one crisis averted and...
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Mar 11, 2013
03/13
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FOXNEWSW
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fed chairman ben bernanke gave it a name. >> it would be a massive fiscal cliff of large spending cuts and tax increases. >> the fiscal cliff was a classic example. what happened? >> you keep putting these things off and another election came up. >> the 2012 election settled nothing. they re-elected president obama but let republicans keep control of the house. like it or not a divided nation left government by crisis a second term. >> with one crisis averted and another on the way the president speaks to the nation. e lobster m or new grilledobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 coupon on two lobsterfest entrees. >> welcome back. you have seen how president obama used fiscal crisis to maneuver republicans. taxes went up. the sequester the long threatened budget act was postponed. the fractured gop failed to have a winning message or strategy. we resume ors on february 12th. lawmakers are taking a chance to make their own point ahead of the president's big speech. >> we have to get spending under control. ron johns
fed chairman ben bernanke gave it a name. >> it would be a massive fiscal cliff of large spending cuts and tax increases. >> the fiscal cliff was a classic example. what happened? >> you keep putting these things off and another election came up. >> the 2012 election settled nothing. they re-elected president obama but let republicans keep control of the house. like it or not a divided nation left government by crisis a second term. >> with one crisis averted and...
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Jan 3, 2013
01/13
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>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane skidded off the runway, burst into flames yesterday afternoon. the two people on board managed to escape before the fire engulfed the cabin. escaping without serious injuries. >>> powerful winds in southern california knocked out power and caused major travel problems. this big rig was knocked on its side by those winds, leaving the driver with a broken leg. that is some pretty hefty winds. >>> also, at a nearby construction site, work came to a halt after the winds blew down a fence and knocked over the port-a-potties. it's expected to be just as windy today. oh, you know what? the poor soul that had to clean
>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane...
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Jan 7, 2013
01/13
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MSNBCW
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but the big part going forward has got to be spending cuts. >> senator simpson, you called this fiscal cliff deal that was just passed, that doesn't deal with spending, a missed opportunity. why? >> well, the sad part of it is that the mountain roared and gave birth to a mouse. this thing isn't going to do anything really. erskine is so correct. erskine and i have been working on -- and don't forget, in our commission we've got five democrats, including dick durbin, five republicans, including tom coburn, and one independent -- how do you do any better than that? and the president ignored it, and the congress has ignored it, because they won't do the big stuff. and the big stuff has to get done. this other stuff is nothing. and as erskine says so beautifully, we're the healthiest horse in the glue factory right now. the trajectory of debt, deficit, and interest right now, the trajectory of debt, deficit, and interest will match any of the piig countries -- portugal, italy, spain -- match it, but, of course, we're lots bigger. and let me tell you, we know everybody out there in the cong
but the big part going forward has got to be spending cuts. >> senator simpson, you called this fiscal cliff deal that was just passed, that doesn't deal with spending, a missed opportunity. why? >> well, the sad part of it is that the mountain roared and gave birth to a mouse. this thing isn't going to do anything really. erskine is so correct. erskine and i have been working on -- and don't forget, in our commission we've got five democrats, including dick durbin, five...
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Jan 3, 2013
01/13
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because we've got three more fiscal cliffs. >> reporter: deep automatic spending cuts, or a new combination of taxes and cuts that could result in a fiscal diet both parties say is needed, but not for their projects. think about it. the federal government now boroughs about 40-cents of every dollar it spends. that's led to a maximum $16.4 trillion debt. if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> the president has maxed out his credit card, and he's not going to get an unlimited credit card. >> reporter: the next few months will be a real test for congress, and for new nebs who think they can break the impasse between parties. rita williams, ktvu, channel 2 news. >>> relief over the fiscal cliff deal may be short lived as americans realize their payroll taxes are going up. the deal in congress reinstates the 2% cut in the social security payroll tax that was waived two years ago, to stimu
because we've got three more fiscal cliffs. >> reporter: deep automatic spending cuts, or a new combination of taxes and cuts that could result in a fiscal diet both parties say is needed, but not for their projects. think about it. the federal government now boroughs about 40-cents of every dollar it spends. that's led to a maximum $16.4 trillion debt. if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states...
WHUT (Howard University Television)
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Jan 4, 2013
01/13
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WHUT
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under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on relief for superstorm sandy. the house is expected to vote on the first round of aid today. gun-control advocates introduced legislation on the first day of the new congress to ban high- capacity ammunition magazines in recent -- used in recent massacres including the one at sandy hook last month. carolyn mccarthy of new york said the assault magazines help put the mass in that shooting and anything we can do to stop their proliferation will save lives in america. she lost her husband in a shooting on the long island rail road. she introdu
under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on...
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Jan 5, 2013
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senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i mean, confronting -- for example, everybody is now talking about okay, now comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system is going to come into washington by television and say oh my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible, and they will cave. >> so newt gingrich, time to wander off the republican reservation, at least occasionally. but he is on the same page as the editorial board, which wrote "the next challenge will be the debt deadline, arri
senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i...
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Mar 4, 2013
03/13
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cliff of large spending cuts and tax increases. >> the fiscal cliff was a classic example of what happens, as you just keep putting these things off and another election comes up. >>, but the 2012 election settled nothing. the voters reelected president obama, but also let republicans keep control of the house. like it or not, a divided nation had just given government by crisis a second term. coming up, with one crisis averted and another on the way, t >> welcome back. you've seen how president obama used the fiscal cliff crisis to maneuver republicans into a deal that they hated. taxes went up, the sequester, that long threatened budget ax was postponed. in a fractured g.o.p. appeared to have neither a winning message nor strategy. we resume our story on february 12th. the capital's getting ready for the state of of the union and lawmakers are taking a chance to make their own points ahead of the president's big speech. >> we have to-- establish from that hearing. >> at that budget committee hearing first term republican senator ron johnson questions budget director. >> in general don't
cliff of large spending cuts and tax increases. >> the fiscal cliff was a classic example of what happens, as you just keep putting these things off and another election comes up. >>, but the 2012 election settled nothing. the voters reelected president obama, but also let republicans keep control of the house. like it or not, a divided nation had just given government by crisis a second term. coming up, with one crisis averted and another on the way, t >> welcome back. you've...
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Jan 3, 2013
01/13
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because we've got three more fiscal cliffs. >> reporter: deep automatic spending cuts, or a new combination of taxes and cuts that could result in a fiscal diet both parties say is needed, but not for their projects. think about it. the federal government now boroughs about 40-cents of every dollar it spends. that's led to a maximum $16.4 trillion debt. if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> the president has maxed out his credit card, and he's not going to get an unlimited credit card. >> reporter: the next few months will be a real test for congress, and for new nebs who think they can break the impasse between parties. rita williams, ktvu, channel 2 news. >>> relief over the fiscal cliff deal may be short lived as americans realize their payroll taxes are going up. the deal in congress reinstates the 2% cut in the social security payroll tax that was waived two years ago, to stimu
because we've got three more fiscal cliffs. >> reporter: deep automatic spending cuts, or a new combination of taxes and cuts that could result in a fiscal diet both parties say is needed, but not for their projects. think about it. the federal government now boroughs about 40-cents of every dollar it spends. that's led to a maximum $16.4 trillion debt. if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states...
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cliff. >> among the items not included, a payroll tax cut. the average family in fairfax county brings home about $120,000 a year, on average those folks will see their taxes jump by about $1700. families making between $75,000 and $100,000 can expect to lose about 1200 a years. conley says that wasn't meant to last anyway. >> the payroll tax was a holiday. no one envisioned it that way. it was a temporary measure to inject some stimulus into the economy. >> but the bigger sure for those who congressmen is the issue of sequestration. that is across the board cuts, really in the federal government. that's a big deal when it comes to northern virginia and the economy there. coming up at 6:00, we'll have the two congressmen and their reaction and what's really become a delay in dealing with that issue. i'm david culver, news4. >>> coming up on "news4 at 5," it's being called unlawful and unfair. ncaa sanctions punished penn state. >> now it's stirring up a new court battle. >>> coming up on news4, i'm tracee wilkins. fans are so illustrate xooed
cliff. >> among the items not included, a payroll tax cut. the average family in fairfax county brings home about $120,000 a year, on average those folks will see their taxes jump by about $1700. families making between $75,000 and $100,000 can expect to lose about 1200 a years. conley says that wasn't meant to last anyway. >> the payroll tax was a holiday. no one envisioned it that way. it was a temporary measure to inject some stimulus into the economy. >> but the bigger...
WHUT (Howard University Television)
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Oct 20, 2013
10/13
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WHUT
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in 2012 the stalemate was over the so-called fiscal cliff. the double whammy of the bush tax cuts and the schedule start of the sequestration cuts that would derail the economy. at the last minute mrs. obama and boehner cut a deal to avert that calamity. this year's 2013 budget ceiling standoff is now scheduled to go into 2014 reveals a new path in america's policy. the fundamental functions of the government, it means that the white house and congress, they failed to negotiate until the crisis looms. and then only acts at the last minute. question, is this the new normal on the american politics? timothy? >> the reason that it is the new normal isn't just that the parties are that separated. these giant groups that can go out and fund. so the party leaders, they don't have the control that they used to have. rank and file senators and congress really had to listen to what the speaker or the majority leader would tell them to do because that is the only one for them to raise money. but now if you are a member in either groups, you can go to t
in 2012 the stalemate was over the so-called fiscal cliff. the double whammy of the bush tax cuts and the schedule start of the sequestration cuts that would derail the economy. at the last minute mrs. obama and boehner cut a deal to avert that calamity. this year's 2013 budget ceiling standoff is now scheduled to go into 2014 reveals a new path in america's policy. the fundamental functions of the government, it means that the white house and congress, they failed to negotiate until the crisis...
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Jan 3, 2013
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the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people that president obama when he was senator obama voted against raising the debt limit as well. opposition parties use the limited leverage they have and barack obama recognized that in the past and now that he's on the other side of the negotiating table he thinks that should be taken off the table. the thing is this is connected to the sequester deal as well. president obama needs goodwill from republicans if he's going get movement on the sequester as well. these things are not going to be that easily separated. >> but the key is that it's incumbent upon the president to move a grand bargain forward to follow through on his rhetoric on entitlement reform. he has to be aggressive and work with them and offer real entitlement reform. >> practically delinking them doesn't make any sense opinion they are coming due at the same time and they are the same issue. >> that's right. he
the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people that president obama when he was senator obama voted against raising the debt limit as well. opposition parties use the limited leverage they have and barack obama recognized that in the past and now that he's on the other side of the negotiating table he thinks that should be...
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Feb 8, 2013
02/13
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cliff cuts or the sequestration cuts. so, you know, i think it's a victory but i don't think it's -- >> well, here is the question. if you're the president, is it okay -- you're quibbling here. should the president go for what he can get? >> yes. and then he should come right back -- >> even if it means giving the other guys a break because they don't want to go for an assault ban. you don't think that would happen, john, from your party's end. can you imagine the speaker scheduling a vote on an assault weapons ban? >> it would never get out of the senate. senator reid would never let it happen. >> i don't think so either. >> it's never going to happen. >> some people -- >> hold on a second. >> some people think reid is bringing it up for a vote giving to guys on the right, giving them a chance to say no to something because this goes too far and then they can say yes to something like a background check. >> one of the things -- >> i'm asking strategy. is that alreal right? >> a balanced approach is what everybody says th
cliff cuts or the sequestration cuts. so, you know, i think it's a victory but i don't think it's -- >> well, here is the question. if you're the president, is it okay -- you're quibbling here. should the president go for what he can get? >> yes. and then he should come right back -- >> even if it means giving the other guys a break because they don't want to go for an assault ban. you don't think that would happen, john, from your party's end. can you imagine the speaker...
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Feb 28, 2013
02/13
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one of the biggest reasons i felt the fiscal cliff deal was a mistake because it locked in and made permanent 90% of the bush tax cuts. i want to address the deficit. i'll be honest. we have to find savings cuts in the mandatory spending programs as well. but what we're doing right now is we're torturing the discretionary portion of the budget thinking that well, no one would want to see that happen so it will force us to make a big deal on taxes and mandatory spending. we're not. it's not working. let's stop torturing the discretionary budget. that's step one. that's what my bill does, sets reasonable spending limits and gets us back in the regular order of passing an appropriations bill. but holding the first hostage to the second, it's having a negative impact and we're just letting it happen. >> john: congressman, hit me throw this at you. given the economy's precarious state why not fight to cancel the sequester all together. taking hundreds of billions out of the economy will slow the system and that is less damaging than the mandate of the sequester? >> my bill does not cut anything in
one of the biggest reasons i felt the fiscal cliff deal was a mistake because it locked in and made permanent 90% of the bush tax cuts. i want to address the deficit. i'll be honest. we have to find savings cuts in the mandatory spending programs as well. but what we're doing right now is we're torturing the discretionary portion of the budget thinking that well, no one would want to see that happen so it will force us to make a big deal on taxes and mandatory spending. we're not. it's not...
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aides say boehner decided the house could not demand fiscal cliff spending cuts and vote on the same day, to spend billions in disaster relief. but boehner promised the new congress will vote on sandy help starting tomorrow. >> it was extremely positive meeting. >> reporter: but more proof that in this political environment, every kind of issue can veer off into another crisis. >> the country is fractured. conservatives and liberals, republicans, democrats, have very different views of how to deal with issues of taxes and spending and entitlements. that's not going away. >> that was kelly o'donnell reporting. and ceremonies are happening right now in the district to welcome the 113th congress. the morning started with a prayer service at st. peter's catholic church in the southeast. a number of lawmakers responded making their way inside the church now under renovation. the service was a bipartisan event shortly after the congressional black caucus hosted a ceremonial swearing-in for its 42 new members inside the congressional auditorium. house democratic leader, nancy pelosi spoke a
aides say boehner decided the house could not demand fiscal cliff spending cuts and vote on the same day, to spend billions in disaster relief. but boehner promised the new congress will vote on sandy help starting tomorrow. >> it was extremely positive meeting. >> reporter: but more proof that in this political environment, every kind of issue can veer off into another crisis. >> the country is fractured. conservatives and liberals, republicans, democrats, have very different...
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Jan 2, 2013
01/13
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all day yesterday the question was could they find a way to cut spending in the fiscal cliff drama? we are hours away from that and now this. will the emotional appeals and the real world consequences be loud and forceful enough to get them to consider before noon tomorrow. if he doesn't, a new congress has to act and they start all over again. when they are motivated they can move quickly, but it would be a delay if they don't do it before noon tomorrow. >> thanks, kelly. this is the one who crafted the bill. first up with a welcome to you, sir. i know you and your colleagues and the delegations will meet about an hour or so again. what are you going to say to him? >> i don't think the new jersey democrats are invited. this is a new jersey moment though. time to take off the gloves. i believe boehner is speaking sincerely when he said we will get this done as soon as possible in the next congress. we get sworn in tomorrow, but we need the help right now. that was a commitment. he could not deliver. i can't deal with the schizophrenia within the leadership of the within party. we sh
all day yesterday the question was could they find a way to cut spending in the fiscal cliff drama? we are hours away from that and now this. will the emotional appeals and the real world consequences be loud and forceful enough to get them to consider before noon tomorrow. if he doesn't, a new congress has to act and they start all over again. when they are motivated they can move quickly, but it would be a delay if they don't do it before noon tomorrow. >> thanks, kelly. this is the one...
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Jan 5, 2013
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. >>> well, after surviving the fiscal cliff, washington now faces a new obstacle -- cutting spending and the debt. both sides are digging in. >>> and prosecutors are ready to outline their case against the man accused of burglaring a dozen people inside that colorado movie shooting. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. try capzasin-hp. it penetrates deep to block pain signals for hours of relief. capzasin-hp. take the pain out of arthritis. >>> it is the political version of chicken. a divide
. >>> well, after surviving the fiscal cliff, washington now faces a new obstacle -- cutting spending and the debt. both sides are digging in. >>> and prosecutors are ready to outline their case against the man accused of burglaring a dozen people inside that colorado movie shooting. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! but...
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Dec 21, 2013
12/13
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cliff deal. it ended the tax cuts and raised the capital gains rate. it brought in serious new revenue, ending the bush tax cuts for the wealthiest americans was rouge u huge. this was something president obama campaigned on twicep after he got reelected in 2012, he got it done. then, well, the president said it yesterday, at the end of the year press conference. >> a lot of our legislative initiatives in congress had not moved forward as rapidly as i liked. >> for one thing, we commemorated the anniversary of the sandy hook school shooting in new town, connecticut. in response to that, obama made it one of his chief legislative prioritys to institute background checks. public opinion seemed to be with him. it was a 4691 margin in all polls, something almost everyone said needed to happen. conservative joe manchin teamed up with pat toomey of pennsylvania. it looked like the nra's nearly two decade undefeated streak on capitol hill was about to come to an end. it didn't t. gun lobby not hard, bac
cliff deal. it ended the tax cuts and raised the capital gains rate. it brought in serious new revenue, ending the bush tax cuts for the wealthiest americans was rouge u huge. this was something president obama campaigned on twicep after he got reelected in 2012, he got it done. then, well, the president said it yesterday, at the end of the year press conference. >> a lot of our legislative initiatives in congress had not moved forward as rapidly as i liked. >> for one thing, we...
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Jan 3, 2013
01/13
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adam smith who voted against the fiscal cliff agreement yesterday. congressman, thanks for joining us. first explain why you voted against it. explain why you voted no. >> your opening statement explained one big reason, it doesn't do anything. we're two months, sequestration looms over all discretionary spending. i'm on the armed services committee, so i pay particular attention to the defense, but i the programs that will go the next two months without any idea of how much money they're going to have. it didn't do anything on that, and then worse it locked in place, made permanent 90% of the bush tax cuts. are the house republicans seriously going to put revenue on the table as we deal with the fiscal cliff and the debt ceiling? the size of the cuts to critical programs to deal with the deficit now that we locked in 90% of the bush tax cuts is way beyond what i can accept. >> eliot: you're exactly right. it's an argument that it's mystifying to me that more democrats didn't stand up and say this isn't efficient. we only get the revenue over the ten
adam smith who voted against the fiscal cliff agreement yesterday. congressman, thanks for joining us. first explain why you voted against it. explain why you voted no. >> your opening statement explained one big reason, it doesn't do anything. we're two months, sequestration looms over all discretionary spending. i'm on the armed services committee, so i pay particular attention to the defense, but i the programs that will go the next two months without any idea of how much money they're...
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Jan 5, 2013
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of the fiscal deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a laser in the coming months as negotiations continue. mitch mcconnell look at the incoming class of house republicans as well who voted, many of them against the bill on friday that provided $9 billion in flood relief to sandy. they did it because there weren't spending cuts. >> jonathan, how is the fiscal cliff fight, how might that shape the debt ceiling fight for republicans? >> it's everything to them in terms of they feel as it was pointed out before that they didn't get the spending cuts they wanted. they see the debt ceiling coming up in the early couple of months of the year here as an opportunity for leverage to get those spending cuts that they didn't just get. the president of the united states says he's not going to play ball on that. he may unilaterally raise the debt and may lower the debt and there are a few options on the t
of the fiscal deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a laser in the coming months as negotiations continue. mitch mcconnell look at the incoming class of house republicans as well who voted, many of them against the bill on friday that provided $9 billion in flood relief to sandy. they did it because there weren't spending cuts. >> jonathan, how is the...
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Jan 5, 2013
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senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i mean, confronting -- for example, everybody is now talking about okay, now comes the debt ceiling. i think that is frankly a dead loser, because in the end you know it is going to happen. the whole national financial system is going to come into washington by television and say oh my god, this will be a gigantic heart attack, the entire economy will collapse, you guys can't be responsible, and they will cave. >> so newt gingrich, time to wander off the republican reservation, at least occasionally. but he is on the same page as the editorial board, which wrote "the next challenge will be the debt deadline, arri
senate minority leader mitch mcconnell announced the same, saying "the fiscal cliff deal was the last word on taxes. now the conversation turns to cutting spending on the government programs that are the real source of the nation's fiscal imbalance." and the upcoming debate on the debt limit is the perfect time to have that discuss. perfect, the problem is not even republicans believe that is going to work anymore. >> they have got to find in the house a totally new strategy. i...
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Jan 6, 2013
01/13
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in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a preview of coming attractions and the fights ahead, including the debt ceiling that was so bitterly contested back in the summer of 2011. here is something you said in august of 2011 that i wanted to show our viewers and have you respond to. you said then, i think some of our members may have thought the default on paying america's bills issue was a hostage you might take a chance at shooting. most of us don't think that. what we did learn is this. it's a hostage that's worth ransoming. is that the strategy for the coming fight over the debt ceiling? >> well, first, these last-minute deals are no way to run the gove
in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a...
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Jan 6, 2013
01/13
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congress approved a deal to avert the fiscal cliff. will the media actul what it does. no spending cuts until later. the house of representative delays the vote to give more reloaf to victims of super storm sandy and causing a reaction almost as violent as the storm itself. >> last night politics was placed before the serving of our citizens it was disgusting to watch. >> did nbc's meet the press host take the anti-gun agenda too fall. the names and addresses of legal gun owners. there is a gun ban colume and advocating deadly violence against the nra and republican leaderships. war in afghanistan going on 70,000 u.s. troops is there . media interest is mia . get mr. global warming al gore sales a fail would cable channel to another country. >> judy miller and richard gadel and jim pinkerton and contributing editor of the american conservative mag wreen and justin duck am. i am john scott fox news watch is on now >> there is no substitute for the wisdom of the people. we are here as their servants. as speaker i help you carry out your oath of office that we are about to
congress approved a deal to avert the fiscal cliff. will the media actul what it does. no spending cuts until later. the house of representative delays the vote to give more reloaf to victims of super storm sandy and causing a reaction almost as violent as the storm itself. >> last night politics was placed before the serving of our citizens it was disgusting to watch. >> did nbc's meet the press host take the anti-gun agenda too fall. the names and addresses of legal gun owners....